Roma Green Finance (NASDAQ:ROMA) Trading Up 6% – Still a Buy?

Roma Green Finance Limited (NASDAQ:ROMA)’s share price shot up 6% during mid-day trading on Tuesday . The company traded as high as $8.25 and last traded at $8.49. 7,688 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 369,445 shares. The stock had previously closed at $8.01.

Analysts Set New Price Targets

ROMA has been the subject of several analyst reports. Wall Street Zen upgraded shares of Roma Green Finance to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings restated a “sell (e+)” rating on shares of Roma Green Finance in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Roma Green Finance Stock Up 7.5%

The stock has a fifty day moving average of $6.92 and a 200-day moving average of $4.42.

Roma Green Finance announced that its Board of Directors has authorized a stock repurchase program on Monday, March 30th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

About Roma Green Finance

Roma Green Finance Limited, through its subsidiaries, provides environmental, social, and governance (ESG); sustainability; and climate change related advisory services in Hong Kong and Singapore. It also offers sustainability program development, ESG reporting, corporate governance and risk management, climate change strategies and solutions, environmental audit, ESG rating support and shareholder communication, and education and training services. The company was founded in 2018 and is based in Wan Chai, Hong Kong.